REG - Galliford Try Hldgs - AGM Statement

Galliford Try HoldingsAnnouncement

12/11/2021 07:05

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RNS Number : 1700S  Galliford Try Holdings PLC  12 November 2021

GALLIFORD TRY HOLDINGS PLC

 

 

Annual General Meeting Statement and Update on Current Trading

Friday 12 November 2021

 

Galliford Try Holdings plc, the UK construction group, is holding its Annual
General Meeting (AGM) at 11:00am today, Friday 12 November 2021 at the offices
of Peel Hunt LLP, 100 Liverpool Street, EC2M 2AT.

 

 

Update on Current Trading and Outlook

 

The Group's operations are performing well, as we continue to manage inflation
and supply challenges, and maintain a strong cash position with margins in
line with the Board's expectations.  In September 2021 we set out our
sustainable growth strategy.  This included refreshed sustainability and
financial targets whilst maintaining our strict focus on risk management,
contract selection and operational excellence.

 

As announced on 7 October 2021, and consistent with our sustainable growth
strategy, the Group acquired the complementary water operations and specialist
water process and control businesses of nmcn plc (in administration).  The
acquisition provides an excellent strategic fit, an increased order book,
complements our existing geography and accelerates our growth through
established frameworks, as well as creating further opportunities with new
clients.  The integration of operations with our existing water business is
progressing well.

 

We are encouraged by the continuing pipeline of new opportunities that align
to our strategy and chosen sectors, and the Government's planned investment in
infrastructure and economic recovery.  In the period since September, we
announced our Building business was appointed to the new four-year £1.6bn LHC
Public Buildings, Construction and Infrastructure PB3 framework which covers
projects across all public sector buildings; and our Highways business has
been appointed to the £3.5bn HE Scheme Delivery Framework.  In the private
sector our Building business was appointed to build the £56m Secklow Gate
private rental sector (PRS) scheme in Milton Keynes on behalf of AIG and
Abbeygate Developments.

 

The Board is confident of meeting its objectives for the current financial
year and in its plans to deliver strong performance and long-term sustainable
value for all stakeholders.

 

For further enquiries please contact:

 

 

 Galliford Try           Bill Hocking, Chief Executive                            01895 855001

                         Andrew Duxbury, Finance Director

                         Kevin Corbett, General Counsel & Company Secretary

 Tulchan Communications  James Macey White                                        020 7353 4200

                         Victoria Boxhall

Note to Editors

 

Galliford Try is a trading name of Galliford Try Holdings plc, a
leading UK construction group listed on the London Stock Exchange. Operating
as Galliford Try and Morrison Construction, the group carries out building and
infrastructure projects with clients in the public, private and regulated
sectors across the UK.

 

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